MEMPHIS, Tenn. (WMC) – Zipporah Hudson and Montreal Hudson, both of Olive Branch, Mississippi, were found guilty of wire fraud and money laundering conspiracy.
They were indicted following a federal jury trial that concluded on January 15, 2025.
The Paycheck Protection Program (“PPP”) is a COVID-19 relief program administered by the Small Business Administration (“SBA”) to provide funding to small businesses affected by the pandemic.
Zipora Hudson and her sons Montreal Hudson and Deandre Jones used their Charleston, Michigan tax preparation business, Zippy Bee, LLC, to close hundreds of PPP loans for borrowers who did not qualify for the loan. I have created and submitted an application.
According to the prosecutor’s office, the defendants prepared fraudulent Schedule C tax documents to claim gross income amounts that far exceeded the companies’ actual income.
Documents were completed to receive PPP loans ranging from $19,000 to $20,833.
Zipporah and Montreal used the illegally obtained funds to purchase luxury cars, real estate, and other items.
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